entity · derived
Bounded rationality
Derived node: assembled mechanically from the claims carrying bounded-rationality. A roster, not an adjudicated definition.
Every claim under this term
- 617681-023 : Fear of judicial bias operates through risk premiums: because investors and managers are uncertain how foreign judges will behave and may assume the worst, they price a decision to incorporate in anot
- 1428387-022 : Moral hazard is worsened when the financial products traded are so complex that the agents, mostly on the buy side, do not entirely understand them and trade for the principal on the basis of incomple
- 1428387-037 : Regulation targeted only at retail investors is misdirected, because incomplete and asymmetric information, bounded rationality, and moral hazard make it difficult even for professional and semi profe
- 2267560-005 : Rulemaking conducted under conditions of incomplete information and bounded rationality produces suboptimal outcomes that require costly rule revisions, retractions, and additional rulemaking.
- 2267560-019 : NIE acknowledges that transaction costs, imperfect information, and bounded rationality influence the rulemaking process, with the consequence that even optimal solutions to regulatory problems become
- 2267560-033 : Opportunistic behavior, transaction costs, and bounded rationality undermine comprehensive contracting, so contracting parties do not specify all of their respective obligations ex-ante because antici
- 2273857-019 : The bounded rationality of public rulemakers aggravates shock conditions during rulemaking, because rulemakers satisfy their own constituencies rather than all affected parties and are therefore more
- 2273857-026 : The cyclical nature of public rulemaking under incomplete information and bounded rationality is costly and produces suboptimal regulatory outcomes with long-term implications for financial markets an
- 2273857-040 : Future financial crises may be inevitable, because globalization, financial innovation, ethical challenges, suboptimal institutional designs, and the bounded rationality of decision makers create cond
- kaal-2013-acomparativeperspectiveo-030 : Financial innovation, the globalization of markets, transnationalism, ethical challenges, and the bounded rationality of humans are likely to create and increase future challenges that require additio
- kaal-2014-dynamicregulationviagove-003 : Rulemaking in a dynamic framework postpones the enactment of rules until rulemakers hold sufficient relevant and institution specific information, instead of proceeding by trial and error under incomp
- kaal-2014-dynamicregulationviagove-005 : Because transaction costs, imperfect information, and bounded rationality shape the rulemaking process, even solutions that are optimal at enactment become unstable and suboptimal over time.
- kaal-2014-dynamicregulationviagove-010 : In the current model of stable rulemaking, path dependencies lead rulemakers to act on a boundedly rational assumption that they already control sufficient information for rulemaking.
- 2992962-030 : Problems with smart contracts are inevitable because of subjectivity in human relationships, bounded rationality of coders and contracting parties, incomplete foresight, incomplete information, and op
- 3373393-008 : Because of bounded rationality, incomplete foresight, and information asymmetries, it is impossible for principals to contract for every possible action or inaction of the agent so as to induce the ag
- 3808852-009 : Because of human shortcomings, bounded rationality, incomplete foresight, and information asymmetries, it is impossible for principals to contract for every possible action or inaction of the agent so
- 3808867-025 : The quantification and algorithmic optimization of human thought, feeling, and action can produce an optimization of humans that is too complex for humans to understand without the data driven algorit
- 3808867-026 : Big data and algorithmic data analytics enable centralized algorithmically automated systems such as Google, Facebook, and Amazon to know individuals' political preferences better than the individuals
- 3808867-028 : In its ultimate state, algorithmic automation negates human input in data systems altogether, because human bounded rationality creates inefficiencies and the human condition yields suboptimal outputs
- 5886442-015 : Where human managers satisfice because further search is cognitively costly, AI2AI agents continue searching until the global optimum is reached, because additional computation is essentially free.
- 5886442-016 : Where human contracts remain radically incomplete because parties cannot specify responses to all future states, AI2AI agents generate, evaluate and execute functionally complete contingent plans acro
- 6269518-009 : The citation matrix functions as an implicit contract specifying value distribution whose precise terms cannot be determined with the precision the mathematical framework demands, which is an instance
- 6421319-016 : Human managers satisfice because further search is cognitively costly, whereas AI agents continue searching until the global optimum is reached because additional computation is essentially free, whic
- 6421319-018 : Bounded rationality was not a behavioral quirk but the ontological condition that made hierarchy, routines, and institutional inertia rational, so engineering it away strips the behavioral and institu
- 6607458-011 : The computative agent is not a satisficer, because computational resources are capital rather than a fixed cognitive endowment, so added capacity scales the size and quality of the generable possibili